Helpful Tips for First-time Homebuyers

First find a good Realtor.  They will help you get more house for your money with their negotiating skills and knowledge of the home buying process. You should have a good idea of what you want....location, size, cost, and features....don't comprises if it doesn't have some of the things that are really important to you. Use the internet to do your research on neighborhoods, schools and features. Decide if you want a starter home for 5 years or one you can stay in for 10 or 20 years.  Also decide how much work you are willing to do or if you want a move in ready home.  Be sure to get your bank involved early on.  You could find out there are items on your credit that need to be cleaned up first.  Your lender can make suggestions on how you can clean it up and be able to secure a mortgage.  Shop around for lenders and compare their fees and rates.  Get you pre-qual done so you will be ready to be a strong buyer.  Some lenders will even go the next step and do the pre-approval process so when you find a home you could close very quickly.  Decide on a time frame of when you would like to be in your new home.  And be sure to consider all the cost that come with a new home in addition to the mortgage like taxes, insurance, utilities, appliances, furniture, repairs and ongoing maintenance.  Make sure the timing is right and you can afford the move to your own home or if you need to rent for a while yet.  Now, get ready to enjoy the hunt and the whole experience!

June Cook

June Cook

Realtor
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